The Latest Breaking News from Davos

Ursula von der Leyen said the EU would be "pragmatic, but we will always stand by our principles".

Rolling coverage of the first full day of the World Economic Forum in Davos

The survey of chief executives, published ahead of the World Economic Forum, follows an upgraded growth forecast from the IMF

Some 300 people including two millionaires protested in Davos on Sunday. Demonstrators carried placards with slogans such as "Tax the rich", "Shut up! Pay taxes" and "Smash colonial capitalism".

As global elites arrive in Davos for the annual World Economic Forum, the global advocacy group Oxfam reported that billionaires' wealth increased three times faster in 2024 than the previous year, and it warned of an emerging “aristocratic oligarchy” with enormous political clout, primed to profit from Donald Trump’s presidency…

Billionaire wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990

A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.

Labour chancellor will try to attract overseas investment at World Economic Forum meeting this week while row rages at home over tax changes for millionaire foreign nationals living in the UK

The annual gathering of the globally minded is looking forlorn in the light of Trump 2.0 and trade rows